Nokia’s share price rises following China Mobile deal

Nokia’s share price has risen by almost 10 per cent in 24 hours to hit €2.7 (£2.19), its highest level since May.

The rise follows yesterday’s announcement of a deal between the manufacturer and China Mobile to supply a version of the Lumia 920 in China.

Earlier this week Nokia also announced it was selling its head office in Finland for £138m and would immediately lease it back from consulting company Exilion.

Discussing the China Mobile deal Nokia president and CEO Stephen Elop said: “”We are delighted to partner with China Mobile, the world’s largest operator, to introduce China’s first Lumia based on Windows Phone 8. We’re confident that the enthusiasm for the device will extend to China with the Lumia 920T,”